Umee Price

Umee is a blockchain built on Cosmos designed to create a universal cross-chain DeFi hub. Due to the interoperability of the Tendermint Proof-of-Stake consensus mechanism used, the Umee blockchain can be integrated with Cosmos, Ethereum, side chains, Layer 2 chains, and alternative base-layer protocols. 

Umee will utilize the IBC protocol and bridging technologies such as Gravity Bridge towards connecting networks. In addition to that, Umee will implement universal DeFi tools and money lego components towards interacting with the broader crypto ecosystem. Umee was created to address three main issues that exist in DeFi: 1) Detached Yields; 2) Concentrated Systematic Risks and 3) Isolated Capital. 

By introducing bridging solutions that increase capital efficiency and break the siloed structure of different blockchain ecosystems, Umee plans to enable cross-chain lending and borrowing, staking, and cross-chain DeFi rates.

$UMEE 

$UMEE is the native token of Umee protocol, the utilities of which include:

• Validator Infrastructure
  The Umee Blockchain is built on a network of validators that contribute Tendermint BFT consensus (reliable decentralized security) to the protocol. Tokens are bonded to validators that stake to provide Proof-of-Stake consensus to the network. Token holders can choose to delegate their tokens to various validators to help ensure the Umee network remains decentralized and secure. 
• Network Fees & Proof-of-Stake Consensus
  Network fees and block rewards are earned in the form of $UMEE by validator infrastructure providers.
• Protocol Governance
  The native $UMEE is also a protocol governance token used to facilitate on-chain governance for the Umee Blockchain. The $UMEE, when staked, can be used to vote on protocol parameters and upgrades for improving the functionality of the blockchain infrastructure.